The Treasury Department said Wednesday it will raise $3.997 billion of new cash at its weekly auction of 91-day and 182-day discount bills today by selling $42 billion to refund $38.003 billion in maturing securities. To be sold are $22 billion of 91s, dated Nov. 29 and due Feb. 28, 2008, and $20 billion of 182s, dated Nov. 29 and due May 29, 2008.
The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
The rating agency cited weak operating results and high leverage.
Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
